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NSE Delists Skye Bank & Fortis Microfinance Bank - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / NSE Delists Skye Bank & Fortis Microfinance Bank (619 Views)

NSE Delists A.G. Leventis Nigeria From Its Daily Official List / Help! I Bought Skye Bank Shares & Now Don't Know What To Do. (advice Me Please) / Why Fortis Microfinance Bank Refuse To Pay Their Customers Their Money? (2) (3) (4)

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NSE Delists Skye Bank & Fortis Microfinance Bank by prof2007: 4:51am On Aug 22, 2019
Two companies formerly trading their shares on the floor of the Nigerian Stock Exchange (NSE) have finally been delisted from the platform. The two affected firms are Skye Bank Plc and Fortis Microfinance Bank Plc, both operating in the financial services sector.

Both organisations were removed from the stock exchange due to revocation of their operating licenses by their primary regulator, the Central Bank of Nigeria (CBN). According to a circular signed by Ms Lilian Dako, on behalf of the Head, Listings Regulation Department at the NSE, the delisting of Skye Bank and Fortis Microfinance Bank from the daily official list of the exchange became effective on Wednesday, August 21, 2019.

“Dealing members are hereby notified that pursuant to Clause 15 of the General Undertaking, Appendix III of the Rule Book of the Nigerian Stock Exchange, 2015 (Issuers’ Rules), the under listed companies were delisted from the daily official list of the Nigerian Stock Exchange (The Exchange) today, Wednesday, August 21, 2019.

“Skye Bank Plc and Fortis Microfinance Bank Plc.

“The delisting of the afore-listed companies was approved by the National Council of The Exchange on Thursday, May 30, 2019 in line with the exchange’s regulatory delisting process as a result of the revocation of their operating licenses by their primary regulator, the Central Bank of Nigeria,” the circular stated.

It would be recalled that the CBN had in September 2018 revoked the operating licence of Skye Bank and established a bridge bank known as Polaris Bank.

SOURCE: https://businesspost.ng/2019/08/21/nse-delists-skye-bank-fortis-microfinance-bank/amp/
Re: NSE Delists Skye Bank & Fortis Microfinance Bank by Bussyy1(m): 5:15am On Aug 22, 2019
Wow...this is serious
Re: NSE Delists Skye Bank & Fortis Microfinance Bank by Acidosis(m): 11:32am On Aug 22, 2019
Bussyy1:
Wow...this is serious
What? undecided

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